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Borrowing in L'Assomption, Quebec

Population 23,442, land area 98.7 square kilometres: the census facts for L'Assomption, plus how consumer credit is regulated in Quebec.

Province Quebec (QC)
Population, 2021 Census 23,442
Land area 98.7 km²
Provincial regulator See the FCAC list

L'Assomption, Quebec, recorded a population of 23,442 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Quebec rules that apply

The regulator for consumer credit in Quebec is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

For Quebec, the federal Payday Lending Regulations (SOR/2024-114) record that payday lending is not licensed, so the cost limit should be confirmed with the provincial regulator.

Municipalities of this size are grouped together here, with the province setting the licensing position for all of them.

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

The census figures for L'Assomption

Statistics Canada's 2021 Census gives L'Assomption a population of 23,442. Its land area is 98.7 square kilometres.

The arithmetic gives 237.4 people per square kilometre.

L'Assomption ranks 49 by population among the Quebec places on this site.

Within Quebec, L'Assomption is place number 49 by population in this census set, at 23,442 residents.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

  • Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
  • Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

At 23,442 residents in the 2021 Census, L'Assomption is listed alongside the other covered places in Quebec.

L'Assomption appears in the census record with 23,442 residents, and the density of 237.4 people per square kilometre follows from it.

L'Assomption is one of 1150 covered Quebec places, counted at 23,442 residents with a land area of 98.7 square kilometres.

Nothing on the L'Assomption page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Where a figure for L'Assomption could not be verified, the page names the publisher instead of printing a number.

For L'Assomption, the two census fields above are the only local statistics used anywhere on the page.

L'Assomption sits at rank 49 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for L'Assomption is 98.7 square kilometres, and the population is 23,442 residents in the 2021 Census.

L'Assomption ranks 49 by 2021 Census population among the covered places in Quebec.

The L'Assomption page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for L'Assomption, 237.4 people per square kilometre, is calculated from the population and land area above.

Readers comparing L'Assomption with another community can use the same four census fields.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

The provincial rules apply wherever a borrower is in Quebec; a municipal boundary does not change them.

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in L'Assomption

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Nearby places

Montréal 1,762,949 Québec 549,459 Laval 438,366 Gatineau 291,041 Longueuil 254,483 Sherbrooke 172,950

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